A major announcement impacting the airline industry in Northwestern Ontario.Exchange Income has signed a letter of intent to acquire Bearskin Airlines for 32.5-million dollars.
Bearskin has been a local fixture for over 47-years with service in several communities including Dryden, Sioux Lookout, Red Lake, Kenora, Fort Frances, Thunder Bay and Winnipeg.
President Harvey Friesen says the timing was right.
Winnipeg-based Exchange owns and operates CalmAir, Keewatin Air, and Perimeter Air.
